If so, wouldn’t you like to have some Oil & Gas. As the market pulls back from our “epic” monster short covering rally, it only seems natural that energy names bounce here.
My “fave 5” are: [[CHK]], [[RRC]], [[XTO]], [[HK]], & [[EOG]].
If you have no exposure to oil & gas, I recommend you look at one of the above names.
If you enjoy the content at iBankCoin, please follow us on Twitter
Watch $49.15 for CHK… that’s the 38% fib line it blasted off from this morning. As long as it stays above that, you’re golden, Ponyboy.
___
just added to my position @ 49.79
Note: CHK see $55 by the end of the week.
OFI looks capable of closing over 9.
XTO…deal closes tommorow and when deals get closed you can usually see the real move or pop begin in this case….watch XTO relative to CHK and you can see the value in XTO at this level….just an FYI….cheers
I like ENER short under 62
Keep an eye on SLW, over 14 fitty. If silver is going to go (and it may not), that’ll be the one to ride. (sister co. to GG, btw).
__
OFI is one of those AMEX gems that the MOMO guys love to run. You can be sure they’ll take this one parabolic from here. Daily and weekly rsi @ 70. Signaling MOMO’s from far and wide to purchase the egregiously accumulated share of the past few weeks.
Matt,
What is this “OFI” of which you speak?
___
Overhill Farms
Dude.
“Joke.”
Dude.
___
Wow. The VRX “slow” stoch (10,10) is at 0.00 right now.
I’m not sure I’ve ever seen that.
__
aahhhh hahaha. Eye yam so wee todd did. D’oh!!!
OFI looking for the 9 handle close
Volume is great!
Listen close I will tell you all of OFI
It actually does look like it’s breaking out on volume.
Relatively speaking.
__
look at that OFI @ 8.99
sold 1/2 my fatso position.